Diageo plc

genti

Active member
152 0
Hi everobody.

can we call it doulbe buttom for Diageo?

please let me know you thuoghts

Kind rgds
Genti
 

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Helenqu

Established member
841 3
On bottom BB, support and CCI hooking up, so maybe a couple of days bounce but it's still bearish overall I think. Look at a chart from last year onwards and you'll see it didn't even reach the downtrend line on the last bounce. Need to break 710 to get out of that downtrend. It's also just penetrated previous support at 677 or so.


Cheers


(PS it might be better to put UK share discussions on the UK board, they get lost over here and it would be good to stimulate more discussion of UK stocks)
 

RogerM

Established member
752 6
Still looks bearish to me. Downtrend intact and rising volume on recent fall is ominous. Also below most recent uptrend. Needs to break down trend and make new higher low IMHO. Also has poor relative strength to the Beverage sector, and poor relative strength to the FTSE100, of which it is a constituent.

There may be fundamental reasons to buy (although i don't know of any) but can't see any TA reason.
 

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genti

Active member
152 0
Hi Helen.

it should come back , however i dodnt really look for more then 20/30 point per trade,

cheers
Genti
 
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